Theresa May's office slaps down Philip Hammond's suggestion that Britain could pay to access EU financial services

Theresa May's office slaps down Philip Hammond's suggestion that Britain could pay to access EU financial services 12-01-18
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Theresa May's office slaps down Philip Hammond's suggestion that Britain could pay to access EU financial services
Theresa May's office slaps down Philip Hammond's suggestion that Britain could pay to access EU financial services
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Why does the British financial sector oppose Brexit? Because British financial services firms would be put at a major disadvantage if they lose the "passporting rights" and freedom of movement of capital they currently enjoy. Passporting allows financial services firms – not just banks – that are licensed in the UK to operate seamlessly throughout the European Union's single market, which covers 27 other member states. It also allows these firms to do business in the slightly wider European Economic Area (EEA), which includes Norway, Iceland and Liechtenstein, who have access to the EU's single market. This can save companies the substantial costs of having to set up headquarters in each country across the EU, and having to show compliance with regulations in each country that they choose to provide services. In some cases it means a firm can sell services in a country without having to open an office in that jurisdiction. Several big companies, including America's JP Morgan, London-listed HSBC and Switzerland's UBS, have warned that thousands of jobs could be lost from the City of London to financial centres like Frankfurt if its passporting rights were lost.
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Fiance not wanting to marry me anymore because I wont combine finances? You just dodged a deadly bullet. Good that you now know that he refuses to marry you unless your money is also his. Now you know to run away from what will undoubtedly be your financial demise. You simply tell him: "Okay, fine then, we do not get married until your debt with your ex wife is paid off". I could only hope that you are not so desperate to be a wife that you fall for his load of crap by wanting in on your money. You really need to see this red flag for what it truly is. No real man would ever demand a woman to combine her finances with his debt. That is just pure crazy. Even if you have the wedding planned, you will lose far more than any lost wedding deposits if you allow this guy into your banking account(s). There is no reason on earth that you must put this guy on your signature cards to have access to your money, now is there?? It took you a long time to save your money and it can take only a couple of months, if not less, for him to spend it. If you temporarily lose your sanity and do marry the guy, I would take most of your money and hide it in an account he has zero access to. Keep the bank statement showing your balance the month you get married. Because if you end up in divorce court, at least you will have proof of what was yours before you two got married. If this bozo does not understand that you will not comingle your financial assets and give him access to your money, then he is after one thing....YOUR money. He has zero to add to this "combine finances" suggestion so in reality, he just wants access to YOUR money. Right? Right.
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What are financial services? These are the main financial services: Providing Long, Medium and short term loansProviding financial information of the particular field
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